Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

Financial Services Asset Management

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

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Big Banc Split Corp > Crazy Value Here Now

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Comment by Allisonbikeon Jan 19, 2016 3:20pm

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Post# 24473454

RE:RE:RE:Crazy Value Here Now

I do not think anyone believes Bankers cheating the government. The question is what do they have to give up to settle. When dealing with a government who is broke and holds most of the cards, they have to give something. The best friend I believe Bankers could have is the IMF who is giving the government funds. The real concern about Bankers is their cash position. How much of the VAT are they currently getting back, and will they ever what they are owed it, plus the $56MM. When do they run out of cash at $30 oil? And lets be honest the government always seems to be generating issues, that may be false, to go after Bankers. They are the only cow they have to milk.

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